A study of R&D portfolio management among UK organisations
Szwejczewski, Marek Mitchell, Rick Lemke, Fred
Szwejczewski, Marek
Mitchell, Rick
Lemke, Fred
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2006
Journal
International Journal of Management and Decision Making
Book
Publication Volume
7
Publication Issue
6
Publication Begin page
604
Publication End page
616
Publication NUmber of pages
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Abstract
Portfolio management is a decision process where a company|s list of active new products is constantly updated and revised. In this process, new products are evaluated, selected and prioritised, with resources being allocated accordingly. Portfolio management is considered to be an important activity, but research suggests that it may be one of the weakest areas in a company|s new product development process. While many methods have been proposed, there have been very few studies of their actual usage, especially by UK-based companies. This paper presents research into how seven UK manufacturing companies (from several industrial sectors) managed their portfolios of Research and Development (R&D) projects.
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Keywords
Innovation, Portfolio Management, Risk, New Product Development, NPD, Manufacturing Firms, Research and Development, R&D, United Kingdom